The CPI (Consumer Price Index) continues its upward trend, closing October one tenth of a percentage point higher than at the end of September, with an increase of 3.1%. The INE (National Institute of Statistics) explained that the rise in the CPI in October is due to electricity prices increasing more than in the same month of 2024. In addition to electricity, the prices that are pushing inflation up the most, and are hitting people’s pockets with no possibility of substitution, continue to be food, housing expenses, and this month also, clothing and footwear.
Not a single priority food group is safe from the basic price escalation: fruit, meat, milk, cheese, eggs, oils, fats… Fruit, in fact, costs 10% more than last month. In the case of eggs, for example, their price increased by 5.1% in monthly values and has accumulated a surge of 21.7% so far this year.
Meanwhile, core inflation (excluding unprocessed food and energy products) stood at 2.5% in October, one tenth of a point above the September figure.
Meanwhile, the harmonized CPI (HICP) raised its year-on-year rate by two-tenths in October, reaching 3.2%, and its monthly rate by half a point.
